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Paycor 401(k) Integration
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Paycor Streamlines Retirement Plan Administration with 401(k) Integration Service

New Offering Connects 401(k) Recordkeeping With Payroll Data to

Minimize Time-Consuming, Manual Processes

CINCINNATI, OH – (Marketwired – Jun 23, 2015) – Paycor, providing

companies with intuitive, cloud-based onboarding, HR, payroll and

timekeeping software, today announced the launch of its 360-degree


service, which is designed to simplify retirement plan administration

for retirement brokers, financial advisors and third-party


In a tight labor market, helping employees plan for retirement by

providing robust 401(k) options is a proven method for attracting and

retaining talented candidates. Yet, many companies struggle under the

administrative burden required to handle the recordkeeping and payroll

data involved in 401(k) management. Paycor’s new service, which is built

on its intuitive, cloud-based HR platform, automatically sends

employees’ retirement information from payroll to the 401(k) provider,

reducing the potential for errors while minimizing administrative


Through Paycor’s integration with select 401(k) providers, there is an

automated flow of information between the company’s 401(k) and payroll

solution. Critical information like deferral changes, loans, matches and

demographic data can be accessed and updated without the need for

time-consuming manual processes. With the addition of services provided

through Paycor’s Broker Care, retirement brokers and third-party

administrators have a reliable resource to gather census data from

mutual clients or to get specific client answers when they need it most.

For employees, the new 401(k) service means that they now have the

ability to make changes directly to their 401(k) plans without filing

paperwork. Any updates they make will flow directly to payroll to ensure

improved accuracy and recordkeeping. Paycor’s 360-degree 401(k) service

connects with leading 401(k) providers, including American Funds, Fifth

Third Bank, Empower Retirement, J.P. Morgan, Putnam and SunTrust. Paycor

also provides electronic data interchange (EDI) retirement feeds with

other top retirement brokers nationwide.

“In order to remain competitive, companies must find ways to simplify

their day-to-day processes and minimize time-consuming, manual tasks

that prevent them from focusing on more strategic areas of their

business. With the introduction of our 360-degree 401(k) service, we are

giving our clients time back in their day by streamlining an additional,

important aspect of benefits management,” said Brad Dewey, director of

Product Management at Paycor. “As we enhance our existing products and

unveil new offerings, we will continue to find ways to deliver solutions

that further reduce administrative time and create greater efficiencies

for HR management.”

Additional information about Paycor’s new 360-degree 401(k) service is